We are pleased to present 38225 9th Street East, a 31-unit brand new construction townhome development located in Palmdale, California. The offering is being brought to market vacant and pre-Certificate of Occupancy, providing an incoming investor full control over lease-up strategy, tenant selection, and initial rent structuring, including the ability to set rents at or above market from day one with no inherited tenancy issues. The subject property is also located within a federally designated Qualified Opportunity Zone, providing investors a rare window to acquire a newly delivered asset at favorable basis with meaningful tax deferral and exclusion benefits. Each of the 31 units is a two-bedroom/two-and-a-half-bath townhome-style apartment across four three-story buildings, featuring 1,500 SF of living space, nine-foot ceilings, private enclosed tandem parking garages, large private balconies, in-unit washer/dryer, stainless steel appliances, and condo-quality finishes throughout, a product type with virtually no direct competition in the Antelope Valley rental market. At the asking price of $11,250,000, the property is offered at $362,903 per unit and $248 per square foot, reflecting a 6.06% blended cap rate at market rents. With no comparable new construction rental product available in the submarket, the incoming investor benefits from a first mover pricing advantage and the ability to establish market rents in an under supplied, demand constrained environment. Palmdale is one of the most under supplied multifamily markets in Los Angeles County, with no significant market-rate apartment product delivered since the 1980s. Renter demand is driven by a deep and growing base of aerospace, defense, and healthcare professionals employed by major regional anchors including Lockheed Martin, Northrop Grumman and Boeing - all within close proximity to Air Force Plant 42. The strength of this demand is further evidenced by the delivery of five new hotel and hospitality assets totaling more than 550 keys in Palmdale over the last five years alone. The property is situated directly across from Palmdale City Hall on a major thoroughfare carrying 12,800 vehicles per day, one mile from the SR-14 Freeway, and proximate to Palmdale Marketplace, Antelope Valley Mall, and Palmdale Regional Medical Center. Looking ahead, the Palmdale Transportation Center is designated as a key station on the California High-Speed Rail system, with the Palmdale-to-Burbank segment already environmentally cleared and a formal city-state agreement executed to develop a multimodal hub connecting HSR, Metrolink, Brightline West, and Amtrak - reducing travel time to the Burbank/LA corridor to approximately 20 minutes and representing a compelling long-term appreciation catalyst for the investment.
We are pleased to present 38225 9th Street East, a 31-unit brand new construction townhome development located in Palmdale, California. The offering is being brought to market vacant and pre-Certificate of Occupancy, providing an incoming investor full control over lease-up strategy, tenant selection, and initial rent structuring, including the ability to set rents at or above market from day one with no inherited tenancy issues. The subject property is also located within a federally designated Qualified Opportunity Zone, providing investors a rare window to acquire a newly delivered asset at favorable basis with meaningful tax deferral and exclusion benefits. Each of the 31 units is a two-bedroom/two-and-a-half-bath townhome-style apartment across four three-story buildings, featuring 1,500 SF of living space, nine-foot ceilings, private enclosed tandem parking garages, large private balconies, in-unit washer/dryer, stainless steel appliances, and condo-quality finishes throughout, a product type with virtually no direct competition in the Antelope Valley rental market. At the asking price of $11,250,000, the property is offered at $362,903 per unit and $248 per square foot, reflecting a 6.06% blended cap rate at market rents. With no comparable new construction rental product available in the submarket, the incoming investor benefits from a first mover pricing advantage and the ability to establish market rents in an under supplied, demand constrained environment. Palmdale is one of the most under supplied multifamily markets in Los Angeles County, with no significant market-rate apartment product delivered since the 1980s. Renter demand is driven by a deep and growing base of aerospace, defense, and healthcare professionals employed by major regional anchors including Lockheed Martin, Northrop Grumman and Boeing - all within close proximity to Air Force Plant 42. The strength of this demand is further evidenced by the delivery of five new hotel and hospitality assets totaling more than 550 keys in Palmdale over the last five years alone. The property is situated directly across from Palmdale City Hall on a major thoroughfare carrying 12,800 vehicles per day, one mile from the SR-14 Freeway, and proximate to Palmdale Marketplace, Antelope Valley Mall, and Palmdale Regional Medical Center. Looking ahead, the Palmdale Transportation Center is designated as a key station on the California High-Speed Rail system, with the Palmdale-to-Burbank segment already environmentally cleared and a formal city-state agreement executed to develop a multimodal hub connecting HSR, Metrolink, Brightline West, and Amtrak - reducing travel time to the Burbank/LA corridor to approximately 20 minutes and representing a compelling long-term appreciation catalyst for the investment.
Excellent investment opportunity featuring a spacious duplex offering a total of 2,420 sq. ft. of living space. Each unit features 3 bedrooms, 2 bathrooms, approximately 1,210 sq. ft., and an attached 1-car garage, providing comfortable layouts ideal for owner-users, extended living arrangements, or rental income potential. Situated on a generously sized lot with ample driveway parking, this property offers flexibility and long-term value. The units feature functional floor plans with bright living areas, spacious kitchens, and private living spaces designed for everyday comfort. Conveniently located near shopping, dining, schools, and commuter routes, this duplex presents a fantastic opportunity for investors or buyers looking to live in one unit while generating income from the other. Great potential with room to make it your own.
Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry. Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.
Beautifully remodeled duplex in East Palmdale offering two 1-bedroom, 1-bathroom units. Each unit has been upgraded with new flooring, kitchens, bathrooms, and modern finishes throughout. Recent improvements include new AC units, new water heaters, and a new roof. All work was completed with permits and is fully up to code. Conveniently located near schools, shopping, and commuter routes, this property is a turnkey investment with low maintenance and excellent cash flow potential.
Palmdale is located in California. Palmdale, California has a population of 167,987. Palmdale is more family-centric than the surrounding county with 35.76% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Palmdale, California is $70,858. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Palmdale is 32.6 years.
The average high temperature in July is 97.5 degrees, with an average low temperature in January of 32.8 degrees. The average rainfall is approximately 8.8 inches per year, with 0.2 inches of snow per year.
